Goshen Trucking (Goshen) has a primary auto insurance policy with a $1,000,000 each occurrence limit written with Jones Insurance. Smith Insurance provides Goshen with and an excess liability policy with a $4,000,000 limit over the $1,000,000 primary layer. If Goshen has a truck accident covered by its insurance and suffers a total liability loss of $2,400,000, how much will Smith Insurance pay in its excess liability policy